Mitchell Mcleod Pugh & Williams Inc. Sells 890 Shares of Yum China Holdings, Inc. (NYSE:YUMC)

Mitchell Mcleod Pugh & Williams Inc. reduced its holdings in shares of Yum China Holdings, Inc. (NYSE:YUMC) by 6.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,305 shares of the company’s stock after selling 890 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Yum China were worth $593,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. grew its stake in shares of Yum China by 49.6% in the third quarter. Principal Financial Group Inc. now owns 7,865,803 shares of the company’s stock worth $356,206,000 after acquiring an additional 2,609,494 shares during the period. Waverton Investment Management Ltd lifted its holdings in shares of Yum China by 350.7% during the 3rd quarter. Waverton Investment Management Ltd now owns 4,203,087 shares of the company’s stock valued at $189,202,000 after buying an additional 3,270,560 shares during the period. FMR LLC boosted its stake in shares of Yum China by 4,176.5% in the 3rd quarter. FMR LLC now owns 3,588,977 shares of the company’s stock worth $161,576,000 after buying an additional 3,505,053 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Yum China by 0.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,552,629 shares of the company’s stock valued at $159,939,000 after acquiring an additional 11,535 shares during the last quarter. Finally, Temasek Holdings Private Ltd lifted its stake in shares of Yum China by 61.4% in the 3rd quarter. Temasek Holdings Private Ltd now owns 2,942,959 shares of the company’s stock worth $132,492,000 after purchasing an additional 1,120,054 shares during the period. 85.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on YUMC. JPMorgan Chase & Co. raised shares of Yum China from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $35.50 to $60.00 in a research report on Tuesday, November 5th. Citigroup raised Yum China to a “strong-buy” rating in a research note on Monday, September 30th. Finally, StockNews.com upgraded Yum China from a “hold” rating to a “buy” rating in a research note on Saturday, December 21st. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $49.57.

Insider Activity at Yum China

In related news, insider Duoduo (Howard) Huang sold 6,377 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $47.47, for a total transaction of $302,716.19. Following the completion of the transaction, the insider now directly owns 16,641 shares of the company’s stock, valued at approximately $789,948.27. This represents a 27.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.30% of the stock is currently owned by corporate insiders.

Yum China Price Performance

NYSE:YUMC opened at $44.64 on Monday. The stock has a market cap of $16.95 billion, a PE ratio of 19.75, a P/E/G ratio of 1.26 and a beta of 0.35. The company has a quick ratio of 1.15, a current ratio of 1.29 and a debt-to-equity ratio of 0.01. The business’s 50-day simple moving average is $47.21 and its two-hundred day simple moving average is $40.92. Yum China Holdings, Inc. has a 52 week low of $28.50 and a 52 week high of $52.00.

Yum China (NYSE:YUMC) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.09. Yum China had a return on equity of 13.39% and a net margin of 7.97%. The company had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.03 billion. During the same period in the previous year, the firm earned $0.59 EPS. The firm’s revenue was up 5.4% compared to the same quarter last year. As a group, analysts forecast that Yum China Holdings, Inc. will post 2.33 EPS for the current fiscal year.

Yum China Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, November 26th were given a dividend of $0.16 per share. The ex-dividend date was Tuesday, November 26th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.43%. Yum China’s dividend payout ratio is 28.32%.

Yum China Profile

Yum China Holdings, Inc owns, operates, and franchises restaurants in the People's Republic of China. The company operates through KFC, Pizza Hut, and All Other segments. It operates restaurants under the KFC, Pizza Hut, Taco Bell, Lavazza, Little Sheep, and Huang Ji Huang concepts. The company also operates V-Gold Mall, a mobile e-commerce platform to sell products; and offers online food deliver services.